Goldman Sachs’s Scherr Sells His Co-Op for $5.6 Million
Stock Chart for Goldman Sachs Group Inc/The (GS)
Stephen M. Scherr, head of financing and Latin America at Goldman Sachs Group Inc. (GS), sold his Fifth Avenue co-op in Manhattan for $5.6 million, almost four months after buying a home on Park Avenue.
The sale of Scherr’s fifth-floor apartment at 1148 Fifth Ave. was completed on Aug. 9 and made public yesterday, according to New York City Department of Finance records. The buyers were listed as Esther and Marcel Kremer.
The apartment is one of 59 units in a “white glove” prewar building between 95th and 96th Streets, with views of Central Park, according to property-listings website StreetEasy.com. In April, Scherr bought a seven-bedroom, full-floor co-operative apartment at 1185 Park Ave. for $12.3 million, according to public records and StreetEasy.
Scherr didn’t immediately return a telephone message left at his New York office.
Scherr, who oversees Goldman Sachs’s operations in Latin America and runs underwriting, was appointed to the firm’s management committee in January. The 30-member committee “oversees the global activities of the firm” and “is comprised of the most senior leaders of the firm,” according to the firm’s annual report.
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